{"id":78274,"date":"2023-05-04T11:33:36","date_gmt":"2023-05-04T08:33:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78274"},"modified":"2025-09-11T04:03:51","modified_gmt":"2025-09-11T01:03:51","slug":"changpeng-zhao-says-he-does-not-understand-meme-coins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/changpeng-zhao-says-he-does-not-understand-meme-coins\/","title":{"rendered":"Changpeng Zhao says he does not understand meme coins"},"content":{"rendered":"

The head of the Binance cryptocurrency exchange, Changpeng Zhao (CZ), during a Twitter Spaces conference stated<\/a> that “I’ve never understood meme tokens.”<\/p>\n

If a coin has many holders and attracts interest, Binance is more likely to list it, Zhao noted.<\/p>\n

\n

“We partly view assets from the user’s perspective. But I don’t participate in the listing process personally; I’m occupied with other matters. [\u2026] We listed SHIB, and in fact it is one of the coins on the platform with the highest trading volume,” he explained.<\/p>\n<\/blockquote>\n

The exchange’s CEO also said he doesn’t understand non-fungible tokens<\/a> and has never bought any. However, he “believes in NFT technology” and is trying to develop it on his platform.<\/p>\n

CZ commented on the First Republic Bank situation. In his view, the success or failure of banks has nothing to do with cryptocurrencies.<\/p>\n

\n

“From the perspective of the crypto community we should not rely on others’ missteps for our own gain. [\u2026] The more successful banks are, the better for digital assets, because a healthy economy brings more money and value,” the head of Binance explained.<\/p>\n<\/blockquote>\n

Zhao added that the company is stepping up efforts to develop in crypto-friendly countries and less so where regulation is tighter.<\/p>\n

In April, Bloomberg placed<\/a> CZ third in the ranking “25 Financial Titans” with a market capitalization of $28.2 billion. Zhao himself rejected the valuation of his wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"

The head of the Binance cryptocurrency exchange, Changpeng Zhao (CZ), during a Twitter Spaces conference said, ‘I’ve never understood meme tokens.’<\/p>\n","protected":false},"author":1,"featured_media":78275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,935,1161],"class_list":["post-78274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=78274"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78274\/revisions"}],"predecessor-version":[{"id":78276,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78274\/revisions\/78276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/78275"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=78274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=78274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=78274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}